Less Bad. 

Those are the operative words of the past week.  Retails sales, housing starts, new claims, company survey work, company stocks hitting new lows…all have been “less bad” than feared in recent days or realized in recent months.   

“Less Bad” doesn’t always mean “Better Days” are immediately ahead, but it is a precursor for when those days eventually come.  Today, the markets strengthened into the close, finishing up 3.2%.   

Regardless of whether or not this is “it”, “Less Bad” does “Feel Better”.

We will be on CNBC’s Squawk on the Street Show tomorrow morning, March 18th at 9:35am.  Tune in as we discuss the current market environment with hosts Erin Burnett and Mark Haines.